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3 years ago

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Who must make the determination to cancel an invitation for bids after bid opening?a.Contracting officerb.Chief of the contracti

ng officec.Head of the contracting activityd.Agency head

1 answer:

Lesechka [4]3 years ago

6 0

Answer:

c.Head of the contracting activity

Explanation:

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If the price of good X increases by 2%, and that causes the quantity demanded of good Y to decrease by 15%, then the cross elast

Zina [86]

Answer:

-7.5%

Explanation:

Cross elasticity of demand is the degree of responsiveness of the quantity of a commodity, Y in this case, to the change in the price of another commodity, X in this case.

Cross elasticity of demand is measured as a percentage change in the quantity of commodity Y divided by the percentage in the price of commodity Y. This can be written mathematically as follows:

Ec = % Change in the quantity of commodity Y divided by the percentage in the prie of commodity X.

Where Ec denoted cross elasticity.

Applying the formula to this question, we have

Ec = -15%/2% = -7.5%

Note that under cross elasticity of demand:

1. Two goods are substitute if the value of their cross elasticity of demand is positive. That is, an increase in the price of good one, good X, will lead to an increase in the quantity demand of the second, good Y.

2. Two goods are complimentary if the value of their cross elasticity of demand is negative.That is, an increase in the price of good one, good X, will lead to an decrease in the quantity demand of the second, good Y.

Therefore in this question, goods X and Y are complimentary because the value of their cross elasticity of demand is -7.5% which is negative.

I wish you the best.

4 0

3 years ago

Recreation resorts are the only ones to offer sports and other recreation activities.

Ahat [919]

Recreation resorts are not only the ones to offer the sports and other recreation activities as there are other resorts as well to provide with such facility.

<h3>What are recreation resorts?</h3>

Recreation resorts refers to those resorts which facilitates us with receration activities such as running, dancing, swiming, mediatation, walking, short term sports etc.

There are other resorts such as hills stations, beach resort, luxury resort, economy resort etc.

Thus similar kind of activities are provided in other resorts as well with there unique features.

Learn more about resorts here:

brainly.com/question/19582915

#SPJ1

8 0

2 years ago

Ruston Company Income Statement January 1 to December 31, 2017 (amounts in thousands) 7,800 1,560 6,240 780 700 500 4,260 70 4,1

uranmaximum [27]

Answer:

The Net Cash Flow is -$4,686,000.

Explanation:

Note: The data in this question are merged. The complete question with the sorted data are therefore provided before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now provided as follows:

Net Cash Flow can be determined by preparing the cash flow statement as follows:

Ruston company

Cash Flow Statement

For the Year Ended December 31, 2017

<u>Details $’000 $’000 </u>

<u>Cash Flows from Operating Activity </u>

Net Income 2,514

Adjustment to net income

Depreciation expense 700

Increase in accounts receivable (600)

Increase in accounts payable <u> 300 </u>

Net Cash Flows from Operating Activity 2,914

<u>Cash Flows from Investing Activity</u>

Increase in Gross Property, Plant, & Eq. <u> (8,300) </u>

Net Cash Flows from Investing Activity (8,300)

<u>Cash Flows from Financing Activity </u>

Increase in Long Term Debt <u> 700 </u>

Net Cash Flows from Financing Activity <u> 700 </u>

Net Cash Flow <u> (4,686) </u>

Therefore, the Net Cash Flow is -$4,686,000.

8 0

3 years ago

Change the state of matter is chemical change <br>True or false

Rasek [7]

Answer:

<u>true</u>

Explanation:

5 0

3 years ago

TTG Landscaping purchased a dump truck for $150,000. In addition, they spent $12,000 in sales tax, $200 to paint the company’s l

Darina [25.2K]

Answer:TTG Landscaping Journal $

1.Dump truck Dr 150,000

Sales tax Dr 12,000

Logo. Dr. 200

Vehicle License Dr 900

Accident insurance Dr 2400

Cash. CR. 165,500

Narration. Being cost incurred on Dump truck and additional expenses incurred to make it usable.

2.

Dump truck Dr1 5500

Sales tax Cr 12,000

Logo. Cr. 200 Vehicle License Cr. 900

Accident insurance. CR 2400

Narration. Transfer of additional cost incurred on Dump truck purchase to Dump truck Accounts

The cost of an asset includes the purchase price, tax theron and other cost incurred to make it usable.

8 0

3 years ago